Answer and Explanation:
The computation of the equivalent units for direct material and conversion cost is shown below:
Physical units Direct Materials Conversion Cost
Beginning
Work in process
100% and 50% 250
Units Started 800
Total Units
Under process 1,050
Less : Ending
Work in process 150
Units Transferred
to TestingDepartment 900 900 900
Ending Work in process 150 150 112.50
(100% and 75%)
Equivalent units ofproduction 1,050 1,050 1,012.50
Answer:
It's a consumer surplus of $28.
Explanation:
Consumer surplus is the difference between the price costumers pay in the market and the price they place on the product.
In other words, the difference between a market price product and the price you think it is.
The second one is the answer
Answer:
Retained Earning.
Explanation:
The total earned profit of an organization from which investors and business partners get less share is known as retained earning. This expanse is adjusted each and every time when there is an entry to the bookkeeping accounts that affects the income.
